Cents to Intelligence: A Parent’s Guide to Raising Children with a High Financial IQ

In Cents to Intelligence: A Parent’s Guide to Raising Children with a High Financial IQ, author and parent Sam Wilson shares an innovative and unique approach his wife and he used to successfully instill a high financial intelligence quotient (IQ) in their two favorite daughters from the time they were in early elementary school through that millennial adulting phase. This book is written for expecting or young parents who want to ensure they impart basic financial acumen to their children and, in so doing, provide them with the self-esteem, independence, and confidence to make sound decisions and solve their own problems with creativity and ingenuity. Parents will gain insights through the author’s personal, at times light-hearted, anecdotes into the importance of involving children from an early age in learning about money, developing a work ethic, making good life choices, and understanding basic fiscal concepts that underpin a high financial IQ. In the book, the author walks readers through the eight components of the Wilson Adolescent Finance Initiative Program (WPFIP) and describes how to establish, implement, and manage the program from early childhood through adolescence into early adult life. In understanding the program’s approach, readers will gain insight into: Understanding and developing a high financial IQ and why it is important to a child’s intellectual capacity, creativity, decision-making, problem-solving ability, and survival in today’s world. How young is too young, and when is it age-appropriate to introduce financial concepts and foster independent decision making? When is it best to establish college accounts and future-proof your child’s options through an understanding of the four basic types of college accounts and the available investment vehicles? Why credit scores are important and how parents can help adolescents establish a credit history before they reach the age of maturity. The truth about the types of scholarships that are available, the chances of receiving a scholarship, and how to position your child to be able to draft a differentiated application that will be reviewed favorably when the time comes to press the submit button. Buying the first car, including considerations for choosing the right car, insights into car sales tactics, some potential dirty tricks, and more favorable price and finance negotiations methods. Encouraging young entrepreneurs and why college won’t hurt, but may not be the best path to build wealth. The “downward spiraling death vortex” and how to engage adolescents in the importance of making the right choice to operate above the line. Taxation and why taxes are necessary, including who pays them and a discussion of the potential forms of taxation they will encounter as they transition to the adulting phase. How to get ahead, particularly for young adults in the corporate arena; and, Adulting and those pesky inconveniences they never planned for that, unfortunately, are an unavoidable part of adult life. The book is a guide to establishing a high financial IQ from a young age, but it is never too late to develop financial acumen. The principles discussed will be beneficial to parents, teenagers, and young adults seeking insight into how to build a high financial IQ, especially those who did not have engaged parents or even parents who were counterproductive to their education. This book may also serve as a guide for some adults who lack financial acumen and are now seeking frank guidance.
ASIN: B0FY43YX1M
VSKU: BVV.B0FY43YX1M.G
Condition: Good
Author/Artist:Wilson, Mr. Sam
Binding: Paperback
Note: Any images shown are stock photographs and product may differ from what is shown.
Condition Notes: The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact including the dust cover, if applicable . Spine may show signs of wear. Pages may include limited notes and highlighting. May NOT include discs, access code or other supplemental materials.